Brinker Simpson & Company, LLC hosted a webinar Tuesday May 12th, 2020 to provide an overview and update of various financial relief resources for businesses impacted by COVID19 virus mitigation measures.
Today we covered updates on the Main Street Lending Program, the PPP and an overview and update on the Employee Retention Credit.
The webinar addresses many commonly asked questions about the PPP and the related forgiveness.
There are still major areas of uncertainty, including critical forgiveness calculation information. The CARES Act required final guidance by April 26, 2020. At this time, the final guidelines have not been released. Various sources have indicated this guidance will be released this Friday May 15, 2020.
A recording of that overview and the following Q&A from participants can be viewed HERE
We will host a webinar to provide details on the final forgiveness calculations and guidance as soon as the SBA & Treasury issue that information. At that time, we will also provide a workbook calculate estimated forgiveness, track costs over your covered period, and to otherwise help you prepare in advance to apply for forgiveness. We send all webinar invitations to our email distribution list, if you would like to be added, please let us know.
Please reach out to email@example.com with questions.
We are in this together,
Brinker Simpson & Company, LLC
Disclaimer: This alert is for informational purposes only and does not constitute professional advice. Information contained in this communication is not intended or written to be used as tax advice & cannot be used by the recipient to avoid penalties that may be imposed under the Internal Revenue Code. We strongly advise you to seek professional assistance with respect to your specific issue(s).